"This is the fifth time in 17 months that Panda has chosen to use Siemens' advanced technology for our power projects," said Todd Carter, senior partner and president of Panda Power Funds. "We continue to be impressed with their market solutions, technological capabilities and service."The gas turbines and generators will be manufactured at Siemens’ manufacturing plant in Charlotte, North Carolina. As with other recently closed Panda projects, the US affiliate of Siemens Financial Services (SFS) is funding a loan of USD 75 million for the Patriot power plant project. SFS’s involvement demonstrates confidence in both Panda Power Funds and the Siemens technology utilized for the project. The total value of the contract, which includes a long-term maintenance and service contract, is approximately $400 million. With this order, Siemens has sold 27 H-class gas turbines worldwide. The complete power plant will be built by Gemma-Lane Patriot Partners, a leading Engineering, Procurement, and Construction (EPC) contractor in the U.S. Highly efficient combined-cycle power plants are part of Siemens’ Environmental Portfolio. In fiscal year 2012, revenue from the Portfolio totaled some €33 billion, making Siemens one of the world’s largest suppliers of ecofriendly technologies. In the same period, Siemens products and solutions enabled customers to reduce their carbon dioxide (CO 2) emissions by more than 330 million tons, an amount equal to the total annual CO 2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo. This press release and a related press photo can be found at www.siemens.com/press/pi/EP201312016e For further information on the SGT6-8000H gas turbine, please see www.siemens.com/energy/SGT6-8000H Follow us on Twitter at: www.twitter.com/siemens_press The Siemens Energy Sector is the world’s leading supplier of a broad spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2013 (ended September 30), the Energy Sector had revenues of EUR26.6 billion and received new orders totaling approximately EUR28.8 billion and posted a profit of approximately EUR2 billion. On September 30, 2013, the Energy Sector had a work force of approximately 83,500. Further information is available at: www.siemens.com/energy.